Apple’s latest financial report for the second quarter of fiscal 2024 is in, and here’s what you need to know:

– Quarterly revenue dropped slightly to $90.8 billion, with earnings per diluted share at $1.53.
– Apple CEO Tim Cook highlighted the company’s all-time revenue record in Services, thanks to high customer satisfaction levels.
– CFO Luca Maestri noted that Apple’s active installed base of devices hit a new high, driving a new EPS record.
– The board approved an additional $110 billion for share repurchases and increased the quarterly dividend for the 12th year in a row.

During an interview with CNBC, Cook shared insights on Apple Vision Pro and hinted at exciting AI developments coming up at the next iPad event and WWDC in June. Despite challenges, Cook expressed optimism about China and highlighted growth in iPhone sales during Q2.

Looking ahead, shareholders can expect a cash dividend of $0.25 per share on May 16, 2024 – a 4% increase from the previous dividend payout.

Stay tuned for more updates from Apple as they continue to innovate and expand their offerings in the telecommunications industry.